Fin-Q

Test you money smarts

Take this quiz, and find out just how smart you are when it comes to handling your finances.

1. How satisfied are you with your current quality of life?
a) I am very satisfied
b) I am satisfied
c) I am not satisfied

2. How optimistic are you about your financial future?
a) I am very optimistic.
b) I am optimistic
c) I am worried


3. Which best describes your current approach to budgeting?
a) You make a monthly budget and stick on it
b) You make a budget but do not always stick on it
c) You do not budget because you area not that organized

4. Which best describes your current approach to savings?
a) You set aside/save money every time you get paid
b) You set aside/same some money when you can
c) You rarely set aside/save money when you get paid

5. Which usually applies when you receive your credit card statement?
a) You pay off the full outstanding balance each month
b) You pay off more than the minimum payment, and carry a balance into the next
month
c) You make the minimum payment, carrying a balance into the next month

6. Which best describes your current situation?
a) You currently own your own home or apartment outright
b) You are currently paying a mortgage/home loan on your own home or apartment
c) You are currently living rent-or mortgage-free
d) You are currently living with your parents and paying rent/board
e) You are currently renting

7. Which best describes your current status with regards to insurance?
a) You know you have enough insurance to guarantee that if you were to pass away, become sick, or disabled, you and your family would not suffer financially
b) You currently have life insurance but no other type of insurance
c) You do not currently have any insurance

8. Which best describes your current status?
a) You know how much you will need to fund a comfortable retirement, and already have enough set aside to be confident you are on track
b) You are not sure how much you will need to fund a comfortable retirement, but you have some savings and investments already
c) You have no idea how much you will need to fund a comfortable retirement
d) You have not started planning for your retirement

9. Which best describes your knowledge about investing?
a) If you were given a amount equal to six month’s salary to invest, you would know exactly what to do with it
b) If you were given an amount equal to six month’s salary to invest, you would have a good idea what to do with it
c) If you were given an amount equal to six month’s to invest, you would have no idea what to do with it